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SECP imposes supervisory fee on listed firms

byCT Report
26/07/2016
in Business
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ISLAMABAD: The SECP has imposed supervisory fee on all the companies listed on Pakistan Stock Exchange (PSX).

It is applicable with effect from July 1, 2016, said a statement issued here by the commission. The fee will be collected by PSX, at the rate of 10pc of its listing fee, on behalf of the SECP. It is to be paid by the listed companies in addition to the listing fee paid to the PSX. The SECP continuously monitors the affairs of listed companies, and the process requires extra efforts and human capital.

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